Schumer: Reaganism is Dead

“We’re in better shape than [Republicans] are, because they don’t realize that Reaganomics is dead, that the Reagan philosophy is dead,” he said. “We realize that New Deal democracy, which is still our paradigm, which is sort of appeal to each group … that doesn’t work any more.”

He had said a bit earlier, “The old Reagan theory which dominated — which is, ‘Government is bad, it’s out of touch, chop off its hands as soon as it moves.’ — is over.”

Denial is a defense mechanism in which a person is faced with a fact that is to painful to accept and rejects it instead, insisting that it is not true despite what may be overwhelming evidence.